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ETFS 3x Daily Short FTSE 100

Designed to enable investors to gain a three times daily leveraged 'short' exposure to FTSE 100 Total Return Index (FTSE 100) by tracking the FTSE 100 Daily Ultra Short Strategy RT Gross TR Index (the "Index"). A three times daily leveraged short exposure means that the product is designed to reflect minus three times the daily percentage change in the FTSE 100 (the "benchmark"). UK3S is an exchange traded product ("ETP"). It is not a UCITS. This ETP is structured as a debt security rather than as a share (equity) and can be created and redeemed on demand by authorised participants and is traded on exchange just like shares in a company. The ETP is backed by Equity Contracts (swaps). The payment obligations of the swap counterparty to the Issuer are backed by collateral held in a segregated account at The Bank of New York Mellon.